BITCOIN - BTC/USD - Daily - Technical analysis published on 07/02/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 9,844.73 USD
My targets
11,504.60 USD (+6.30%)
12,932.90 USD (+19.50%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on Bitcoin - BTC/USD as long as the price remains well above 9,844.73 USD. The buyers” bullish objective is set at 11,504.60 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12,932.90 USD. If there is any crossing, the next objective would be the resistance located at 19,345.50 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Loofp1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The Bitcoin - BTC/USD rating is 10,822.96 USD. On the day, this instrument gained +2.48% with the lowest point at 9,614.44 USD and the highest point at 10,941.10 USD. The deviation from the price is +12.57% for the low point and -1.08% for the high point.9,614.44
10,941.10
10,822.96
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this Bitcoin - BTC/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 8 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Three black crows
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 7,645.84 | 8,768.39 | 9,844.73 | 10,822.96 | 11,504.60 | 12,932.90 | 19,345.50 |
Change (%) | -29.36% | -18.98% | -9.04% | - | +6.30% | +19.50% | +78.75% |
Change | -3,177.12 | -2,054.57 | -978.23 | - | +681.64 | +2,109.94 | +8,522.54 |
Level | Intermediate | Intermediate | Intermediate | - | Minor | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8,690.34 | 9,324.80 | 9,943.13 | 10,577.59 | 11,195.92 | 11,830.38 | 12,448.71 |
Camarilla | 10,216.95 | 10,331.79 | 10,446.63 | 10,561.47 | 10,676.31 | 10,791.15 | 10,905.99 |
Woodie | 8,682.29 | 9,320.77 | 9,935.07 | 10,573.56 | 11,187.86 | 11,826.35 | 12,440.65 |
Fibonacci | 9,324.80 | 9,803.36 | 10,099.02 | 10,577.59 | 11,056.15 | 11,351.81 | 11,830.38 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 6,599.01 | 8,449.86 | 10,158.91 | 12,009.76 | 13,718.81 | 15,569.66 | 17,278.71 |
Camarilla | 10,889.00 | 11,215.32 | 11,541.65 | 11,867.97 | 12,194.29 | 12,520.62 | 12,846.94 |
Woodie | 6,528.12 | 8,414.41 | 10,088.02 | 11,974.31 | 13,647.92 | 15,534.21 | 17,207.82 |
Fibonacci | 8,449.86 | 9,809.74 | 10,649.88 | 12,009.76 | 13,369.64 | 14,209.77 | 15,569.66 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 54.70 | |
MACD (12,26,9): | 768.4900 | |
Directional Movement: | 2.49 | |
AROON (14): | 57.14 | |
DEMA (21): | 11,476.01 | |
Parabolic SAR (0,02-0,02-0,2): | 13,503.57 | |
Elder Ray (13): | -554.13 | |
Super Trend (3,10): | 13,659.43 | |
Zig ZAG (10): | 10,723.65 | |
VORTEX (21): | 1.0900 | |
Stochastique (14,3,5): | 35.37 | |
TEMA (21): | 11,663.38 | |
Williams %R (14): | -63.91 | |
Chande Momentum Oscillator (20): | 1,242.96 | |
Repulse (5,40,3): | 0.7900 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 1.3700 | |
Courbe Coppock: | 51.36 |
MA7: | 11,473.05 | |
MA20: | 10,340.36 | |
MA50: | 8,985.66 | |
MA100: | 7,115.43 | |
MAexp7: | 11,046.52 | |
MAexp20: | 10,434.72 | |
MAexp50: | 9,083.42 | |
MAexp100: | 7,695.52 | |
Price / MA7: | -5.67% | |
Price / MA20: | +4.67% | |
Price / MA50: | +20.45% | |
Price / MA100: | +52.11% | |
Price / MAexp7: | -2.02% | |
Price / MAexp20: | +3.72% | |
Price / MAexp50: | +19.15% | |
Price / MAexp100: | +40.64% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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